The Right Response at the Right Time Law Support

Lawyer in Cyprus Location

8 Kennedy Ave., Office 101, CY-1087, Lefkosia, Cyprus Mon - Fri 09:00-18:00 Online Chat : 24/7

Logo

C. Hadjivangeli & Partners LLC

Advocates – Legal Consultants

Сonsultation

Cyprus lawyer INT:+357-22366777

Central Bank of Cyprus announced that an additional subsidy of € 90 million

Central Bank of Cyprus announced that an additional subsidy of € 90 million

Central Bank of Cyprus announced that an additional subsidy of € 90 million

On Friday, the Central Bank of Cyprus announced that an additional subsidy of € 90 million as part of its program to counter the outbreak of coronavirus.

According to a CBC press release, the additional subsidy comes as a result of extending the phased introduction of the O-SIIs (Other Systemically Important Institutions) buffer for twelve months, according to a release of 90 million euros on January 1, 2021.

“The allocated funds can be used by credit organizations to cover potential losses and to finance the economic activities of companies to varying degrees,” added CBC.

We draw your attention to the fact that this article is for informational purposes only. For more advice, contact us at the contacts listed on the site.

Post A Comment

Your email address will not be published. Required fields are marked *